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Mears Group Plc Announces Block Listing of Ordinary Shares

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Mears Group Plc Announces Block Listing of Ordinary Shares

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An announcement from Mears Group Plc ( (GB:MER) ) is now available.

Mears Group Plc has applied for the listing of 105,290 ordinary shares on the London Stock Exchange, under an extension to an existing block listing. These shares, resulting from the exercise of share options, are expected to be admitted on 23 June 2025, and will rank equally with existing shares. This move reflects Mears’ ongoing efforts to enhance its financial structure and support its strategic objectives in the housing sector.

The most recent analyst rating on (GB:MER) stock is a Buy with a £4.35 price target. To see the full list of analyst forecasts on Mears Group Plc stock, see the GB:MER Stock Forecast page.

Spark’s Take on GB:MER Stock

According to Spark, TipRanks’ AI Analyst, GB:MER is a Outperform.

The overall stock score is primarily driven by strong financial performance and positive corporate events. Technical indicators suggest upward momentum, and the stock’s valuation is attractive, offering potential for capital appreciation and income. However, the high leverage is a consideration for future financial stability.

To see Spark’s full report on GB:MER stock, click here.

More about Mears Group Plc

Mears Group Plc is a leading provider of services to the housing sector in the UK, managing and maintaining around 450,000 homes. The company works predominantly with Central and Local Government through long-term contracts, focusing on property management and maintenance services. Mears is committed to providing broader housing solutions, particularly addressing the lack of affordable housing, and supports vulnerable populations. With over 5,000 employees, Mears emphasizes long-term outcomes, innovation, and sustainable financial returns.

Average Trading Volume: 203,352

Technical Sentiment Signal: Strong Buy

Current Market Cap: £336M

See more insights into MER stock on TipRanks’ Stock Analysis page.

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